2024-05-16 Euro News
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2024-05-15
Summary of Yesterday
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
Analysis of Exchange Rate Data
The data provided gives us the changes in the exchange rate of the Euro (EUR) over time. The data spans across one day (24 hours) on 15th May 2024. Let's dive into understanding trends, patterns and outliers in the data.
1. Understanding The Overall Trend Of The Exchange Rates
Coming to the overall trend, the Euro started at an exchange rate of 1.47685, and ended with the rate of 1.48126 over the 24 hour period. This reflects an upward trend overall, indicating the increased value of the EUR over this period.
2. Identifying Any Seasonality Or Recurring Patterns In The Changes Of Exchange Rates
Looking at the data, there does not seem to be any clear evidence of a recurrent pattern or seasonality in the exchange rates over the 24 hour cycle. The variations in the exchange rate seem to be more random fluctuations rather than following a regular, predictable pattern if we just look at this single day data. However, drawing a strong conclusion about seasonality would require further data and analysis over a longer period of time.
3. Noting Any Outliers
An outlier in this case would be if the exchange rate changes drastically within a very short period. When observing the provided data, there does not appear to be significant outliers. However, the change from 1.47642 at 07:10:03 to 1.47782 at 07:35:03 can be considered as sudden growth. But overall, variations in the exchange rate seem consistent without sharp rises or falls within the 24 hours window.
It is important to note that without considering market opening/closing hours, weekends/holidays or the release of key financial news and reports, the analysis is limited and may not fully represent the complexity of the exchanged rate changes.
![Sudden Surge in Euro Exchange Rate Reflects Significant Market Shift](http://currencymart.net/images/news/euro/2024-05-16/img-apHuBy3AF4p0KhIWbUYRvcce.webp)